
**Cardano (ADA) Price Analysis for July 14**
As the crypto market continues to show resilience in its upward momentum, we take a closer look at the current situation of Cardano (ADA).
According to recent data from CoinStats, the price of ADA has been increasing by an impressive 2% over the past 24 hours. At the time of this article’s publication, ADA is trading at $0.7580.
As we assess the current trend, we must look at both short-term and long-term factors influencing its potential trajectory.
Firstly, on the hourly chart, Cardano (ADA) is still stuck between a local resistance level of $0.7683 and a supporting $0.7343 level. We do not see any clear signs of dominance from either side, which should result in reduced volatility by tomorrow.
From a midterm perspective, we have yet to observe any reversal signals. If the nearby support level is breached, it may be feasible for ADA to test the crucial $0.90-$1 area soon.
In conclusion, considering the current market scenario and ADA’s price history, sideways trading within the $0.75-$0.77 region is the most likely scenario.
Source: u.today